VERMEG’s AGILE recognized as “Category Leader” by Chartis Research in Regulatory Reporting

VERMEG, a global technology leader in Regulatory Reporting Solutions for the banking industry, is delighted to announce its AGILE platform‘s recognition as a “Category Leader” by Chartis Research in their latest “Regulatory Reporting Solutions, 2023: Market Update and Vendor Landscape” report. This recognition is a testament to AGILE’s comprehensive approach and commitment to risk calculation regulatory reporting and RegTech innovation.

Chartis Research, the leading source of analysis on the global market for risk technology, provides pivotal guidance in business performance, risk management, corporate governance, and compliance. Their exhaustive examination of the regulatory reporting landscape underscores the market and technology trends poised to influence the domain’s trajectory.

VERMEG’s AGILE has distinguished itself in Chartis Research’s RiskTech Quadrant®, excelling in key areas such as market potential, completeness of offering, and adoption of emerging technologies. The detailed assessment by Chartis’ experts highlights AGILE‘s robust Data management, Data model framework, Calculation/Reporting coverage, Regulatory monitoring, and Analytical capabilities.

Anish Shah, Research Director at Chartis, notes, “In a fast-paced environment of evolving regulations, financial firms face many challenges in meeting their regulatory reporting deadlines. VERMEG‘s strategy to be a key provider of products and services across the regulatory reporting lifecycle is a key element of its strength in regulatory reporting, as reflected in its category leader position in our quadrant.”

VERMEG is proud to equip major financial institutions and banks with AGILE, delivering an Effective, Efficient, and Transparent RegTech solution that spans various jurisdictions globally. The AGILE platform’s modular design allows clients to pace their automation journey, ensuring a perfect fit for their business, goals, and objectives.

Key Benefits of AGILE:

• Focus on Reporting: AGILE’s modern cloud-based SaaS solution ensures continual updates and online access, championing low cost of ownership.
• Scalable Automation: AGILE grows with your business as a scalable modular platform, ensuring optimal cost-effectiveness.
• Exception Management: Customizable workflows, tolerances, and alerts heighten management efficacy.
• Comprehensive Reporting Coverage: Out-of-the-box solutions for Prudential, Statistical, and other reporting needs.
• Extensive Calculations: Comprehensive coverage, including Capital Adequacy, Credit Risk, Market Risk, and more.
• Broad Instrument Coverage: Inclusive data model for a diverse range of financial instruments.

VERMEG’s AGILE, is available as an on-premise solution or via a fully-managed SaaS offering and is the sole SaaS regulatory reporting service with SOC2 Type II accreditation, ensuring top-tier data security, processing standards, and controls.

Reflecting on this recognition, Mark Shead, VERMEG’s Head of Regulatory Innovation, stated, “Our relentless pursuit of innovation and excellence in regulatory reporting is encapsulated in AGILE. This recognition affirms our commitment to delivering state-of-the-art solutions to our clients.”

VERMEG invites industry professionals and potential clients to explore AGILE’s advanced features and benefits. This platform promises regulatory compliance, robustness, efficiency, and resilience tailored to the dynamic needs of the market and regulators.